Insurance News Archive
Croatia building regulation favours investors
Building regulations in Croatia have helped protect property investors, ensuring stability for the country as a long-term property market instead of providing rapid growth over the short-term, one expert on Croatia has said.
Paul Keppler, managing director of information website CroationSun.com, said that the limits on construction would help the market avoid the "oversupply situation and the boom and bust cycle" that has afflicted certain parts of Bulgaria and Spain.
He said: "There is definitely protection for the investor from that boom and bust cycle. What we see here is a stable and steady growth market, which is protected in the right way. That's what is attracting so many investors here. It's a long-term market rather than a short-term one."
The new regulations follow a visit by a Croatian delegation to Spain, where the delegates might have learned from their Spanish counterparts about plans to clear up some of the developments along the coast.
Mr Keppler said: "They've come back and limited construction to nothing within 100 metres of the coastline, a maximum of three floors in height, a maximum density of only 35 per cent of the footprint.
20 Dec 2007
